Cannasat changes name to Cynapsus Therapeutics
"Since my appointment as President and CEO late last year, my mandate has been to build significant value through the in-licensing of a lower risk Parkinson's Disease project while advancing our existing cannabinoid program," said Anthony Giovinazzo, President and CEO. "As I communicated to shareholders in February, 2010, a key part of my plan is to refocus the Company from a narrow concentration on cannabinoid drug candidates, to a more diversified emphasis on CNS (Central Nervous System) candidates. I believe the name Cynapsus, which is drawn loosely from the word "synapse", more accurately reflects the company's new focus and direction, and I look forward to reporting further progress and developments in the months ahead."
The company has a new logo and corporate identity and will be updating its web site to keep its investors and partners up to date on the progress of its drug development programs.
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